Facultative Reinsurance Agreement Incorporation Endorsement Published

The LMA has published a model Facultative Reinsurance Agreement Incorporation Endorsement – LMA5656.

This endorsement to the MRC has been produced in order to clarify which terms prevail where there is a conflict between terms agreed in an MRC and terms contained within a Fac Cert negotiated and signed later.

Please note, when using this endorsement, the facultative reinsurance agreement number and UMR fields must be populated for contract certainty.

For further guidance on LMA5656, please refer to the guidance note attached to this bulletin.

All LMA model documents are purely illustrative and are published and distributed for the guidance of Lloyd’s managing agents, brokers and other market participants. All contracting parties are free to agree to different conditions/amend the model documents as they see fit; the LMA does not protect its intellectual property rights over model documents. It is for underwriters to decide whether or not any contractual language is acceptable on any given risk. Model documents are available on the Lloyd’s Wordings Repository (LWR).

LMA5656 LWR Guidance Note

Toby Clark
Executive, Technical Underwriting
toby.clark@lmalloyds.com

Ray Koh
Legal Counsel
ray.koh@lmalloyds.com